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Dec 30, 2012
12/12
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the tax policy center has a tax calculator. so it allows you to estimate how your family could be affected. josh levs is here in atlanta breaking down the different scenarios. the only thing you can't say is i'm going to start a drinking game. don't say kick the can down the road. jifs not going to use that phrase. i have been covering this at cnn.com and doing everything i can to avoid saying things like that. the figure a lot of people know if you know any figure is $2,000 because president obama says it a lot. the average family will end up spending $2,000 more if the fiscal cliff is not averted. let me show you something. you can find out how it would impact you directly by using this. there's a lot of numbers you have to plug in to make sense of it. obviously it can't be exact, it can't be precise, it can't predict the future, but i want to show you some examples we have pulled out. let's go to the graphic here that has a few of the examples we're showing you here. it would take, for example, this scenario, married with no
the tax policy center has a tax calculator. so it allows you to estimate how your family could be affected. josh levs is here in atlanta breaking down the different scenarios. the only thing you can't say is i'm going to start a drinking game. don't say kick the can down the road. jifs not going to use that phrase. i have been covering this at cnn.com and doing everything i can to avoid saying things like that. the figure a lot of people know if you know any figure is $2,000 because president...
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Sep 22, 2012
09/12
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. >> now to politics and presidential taxes -- no, we're not talking about the candidates' tax plans or mitt romney's comments on the 47% of americans who pay no federal income taxes. instead we're specifically talking about how much mitt romney paid himself. his campaign released his 2011 f tax return and romney paid almost $2 million in taxes off an income of almost $14 million, a 14.1% rate. so why the low rate? the majority of romney's income came from investments. in fact, all but about half a million of it. here's what the obama campaign had to say afterwards. "mitt romney took advantage of complex loopholes and tax shelters only available to those at the top." >> the romney campaign released a letter with numbers from the last 20 years of taxes, no returns, just a summary. basically it said that the romneys owed taxes for the last 20 years and averaged a rate of 20.2% and never paid below 13.66%. let's bring in paul steinhauser. good morning to you. why now? this is a late friday afternoon push out of these documents. what do you make of that? yeah, that's the traditional here
. >> now to politics and presidential taxes -- no, we're not talking about the candidates' tax plans or mitt romney's comments on the 47% of americans who pay no federal income taxes. instead we're specifically talking about how much mitt romney paid himself. his campaign released his 2011 f tax return and romney paid almost $2 million in taxes off an income of almost $14 million, a 14.1% rate. so why the low rate? the majority of romney's income came from investments. in fact, all but...
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Sep 22, 2012
09/12
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CNN
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. >> now to politics and presidential taxes -- no, we're not talking about the candidates' tax plans or mitt romney's comments on the 47% of americans who pay no federal income taxes. instead we're specifically talking about how much mitt romney paid himself. his campaign released his 2011 f tax return and romney paid almost $2 million in taxes off an income of almost $14 million, a 14.1% rate. so why the low rate? the majority of romney's income came from investments. in fact, all but about half a million of it. here's what the obama campaign had to say afterwards. "mitt romney took advantage of complex loopholes and tax shelters only available to those at the top." >> the romney campaign released a letter with numbers from the last 20 years of taxes, no returns, just a summary. basically it said that the romneys owed taxes for the last 20 years and averaged a rate of 20.2% and never paid below 13.66%. let's bring in paul steinhauser. good morning to you. why now? this is a late friday afternoon push out of these documents. what do you make of that? >> yeah, that's the traditional h
. >> now to politics and presidential taxes -- no, we're not talking about the candidates' tax plans or mitt romney's comments on the 47% of americans who pay no federal income taxes. instead we're specifically talking about how much mitt romney paid himself. his campaign released his 2011 f tax return and romney paid almost $2 million in taxes off an income of almost $14 million, a 14.1% rate. so why the low rate? the majority of romney's income came from investments. in fact, all but...
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tax system. they'll accept that. but also entitlement reforms and a focus on reducing the growing deficit and serving that part of the fiscal problem. >> carly, republicans say, and you are one and are helping to pry to elect a republican senate, among other things, have said this is about uncertainty. businesses are sitting on so much cash that they don't want to hire because they don't know what's going to happen with health care, and they don't know what's going to happen with regulation. isn't that sort of the price of doing business? isn't business with the government always a bit of a risk? >> actually, no. i think there is more uncertainty right now than there has been in a very long time. and i think that is a big reason you see a lot of businesses sitting on cash. but i think the real question to ask about the economy really focuses on small business because small business has created the net new jobs in this country over the last 40 years. we now have fewer small businesses starting, mo
tax system. they'll accept that. but also entitlement reforms and a focus on reducing the growing deficit and serving that part of the fiscal problem. >> carly, republicans say, and you are one and are helping to pry to elect a republican senate, among other things, have said this is about uncertainty. businesses are sitting on so much cash that they don't want to hire because they don't know what's going to happen with health care, and they don't know what's going to happen with...
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Aug 17, 2012
08/12
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WMAR
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he says after checking a decade of tax returns, he never paid less than a 13% tax rate. democrats are unmoved. >>> looking at today's weather, strong evening storms in the northeast. more severe from the carolinas to nashville and birmingham. showers on the gulf coast. the southern plains and the desert southwest. >>> finally, a story of a reluctant hero. some guys take part when they're children are born. >> but not the guy we're going to show you. but his son had other ideas. paige pearson of kssy of sioux falls, south dakota, has this story. >> reporter: tiny fingers, a precious bitty nose, and sweet lips. his entry into the world was anything but normal. >> i asked her if she was all right. said no. >> reporter: stephanie had been having contractions all day tuesday. but the hospital said she wasn't dilated enough for delivery. but early this morning, baby cameron had other ideas. >> i'm like, oh, boy. here he comes. >> she goes, the baby's coming. what? no. so, i went in there and asked her what was going on. >> josh was like, what do you want me to do? just help me
he says after checking a decade of tax returns, he never paid less than a 13% tax rate. democrats are unmoved. >>> looking at today's weather, strong evening storms in the northeast. more severe from the carolinas to nashville and birmingham. showers on the gulf coast. the southern plains and the desert southwest. >>> finally, a story of a reluctant hero. some guys take part when they're children are born. >> but not the guy we're going to show you. but his son had other...
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Aug 17, 2012
08/12
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. >>> mitt romney talking taxes after weeks of pressure. and he's out with new numbers about his tax rate. >>> and barbie's new look. she's being described as pretty and provocative. wait until you hear who she's modeled after. >>> good morning, everyone. i'm john muller, in for rob nelson. >> i'm paula faris, on this friday. an air war against mosquitos was launched overnight in dallas. it's the latest effort in the battle against west nile virus, which has killed ten city residents so far. >> that battle that's now being fought in the air is also taking place on the ground, as we hear from monika diaz from our dallas station, wfaa. >> reporter: it's a tough stance in the fight against the west nile virus. >> this is breeding mosquitos. >> reporter: health and environmental services moved in to clean up a hidden danger in backyards, abandoned pools. >> right now, we're trying to mitigate the spread of west nile. and so, we can't just let this sit like this. >> reporter: dirty, neglected and infested with green algae, a haven for mosquitos.
. >>> mitt romney talking taxes after weeks of pressure. and he's out with new numbers about his tax rate. >>> and barbie's new look. she's being described as pretty and provocative. wait until you hear who she's modeled after. >>> good morning, everyone. i'm john muller, in for rob nelson. >> i'm paula faris, on this friday. an air war against mosquitos was launched overnight in dallas. it's the latest effort in the battle against west nile virus, which has...
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Aug 17, 2012
08/12
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this time he had an answer. >> i did go back and look at my taxes. over the past ten years, i never paid less than 13%. >> reporter: democrats have hinted that romney's refusal to release more than two years of his tax returns must mean he's hiding something. on thursday romney again disputed senate majority leader harry reid's charge that according to a source, romney paid no taxes some years. >> harry reid's charge is totally false. i'm waiting for harry to put up who told him what it is they told them. >> reporter: he says since there is simple reason to doubt his claims, we have a simple message for him: prove it. >> ann romney said the couple will not release more than two years of tax returns. she says it would just give democrats more ammunition to use against them. >>> so how much did they hide from investigators? penn state officials are in more trouble now from the jerry sandusky sex abuse scandal. former athletic director tim curly and gary schultz are now accused of not telling a grand jury that sandusky may have been abusing boys on camp
this time he had an answer. >> i did go back and look at my taxes. over the past ten years, i never paid less than 13%. >> reporter: democrats have hinted that romney's refusal to release more than two years of his tax returns must mean he's hiding something. on thursday romney again disputed senate majority leader harry reid's charge that according to a source, romney paid no taxes some years. >> harry reid's charge is totally false. i'm waiting for harry to put up who told...
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Oct 6, 2012
10/12
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MSNBC
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i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress? >> i'm a business guy. i've created a lot of jobs. i understand the economy, budgets, how to get things done. obviously michele bachmann doesn't. so i'm prepared to go to congress and get things done, bring people together, make this economy work again and she doesn't. >> you just heard the congresswoman, though. how does your plan for the economy differentiate from hers? >> first and foremost we're not going to lower the minimum wage. that doesn't help anybody. what we need is good wage jobs. she's pledged to go to norquist and coke brothers. i'm pledging myself to
i'm a former federal tax lawyer and a business owner. i get how jobs are created but i also understand how they're destroyed. >> joining me now is her competitor, jim graves, the democratic nominee for minnesota's sixth congressional district. jim, thank you for joining me. >> thank you for having me on. appreciate it. >> you had no political experience, jim, until you began your campaign. i'm sure your constituents want to hear what makes you qualified to serve in congress?...
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Feb 17, 2012
02/12
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, is that a tax on me or is that not a tax on a? me? a moment ago you said there's no tax on me.ant to that's not a tax?cause th >> no.ration >> i want to be clear on that ls because that's not the argument the administration is making. ae let's move on -- before the supreme court. p i appreciate you are from the private sector, two decades leading companies. in that area of responsibility,h you you always have to present a budget for those companies, flight. >> absolutely. >> and that's why i do sincerelt commend the administration for i coming forward with this budgeti do you anticipate this budget p will be taken up in the senate? >> i look forward to the policies in this budget input into law. i'm not an expert in process off congress or process of -- but i will tell you i look forward to the policies embedded in this budget -- >> when you were leading a companies woshs it be s. responsible to have a budget in public companies? >> absolutely.comp >> when leading public companies, would it be ponsib irresponsible not to havlee a
, is that a tax on me or is that not a tax on a? me? a moment ago you said there's no tax on me.ant to that's not a tax?cause th >> no.ration >> i want to be clear on that ls because that's not the argument the administration is making. ae let's move on -- before the supreme court. p i appreciate you are from the private sector, two decades leading companies. in that area of responsibility,h you you always have to present a budget for those companies, flight. >> absolutely....
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Aug 7, 2012
08/12
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because of his elusive tax retu. returns.the word's out that he hasn't paid any taxes in 10 years. how romney's tax issue is turning into a political firest. firestorm. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male announcer ] serving nutella is quick and easy. its great taste comes from a unique combination of simple ingredients like hazelnuts, skim milk and a hint of cocoa. okay, plates in the sink, grab your backpacks -- [ male announcer ] nutella. breakfast never tasted this good. a florida teen earns her black belt in karate... and her biggest fan is there to see her receive it.14-year-old gina evans walks out to receive her first degree black belt... little does she know... her dad... is walking about 20 steps behind her.she bows, turns, and there he is.her dad has been serving in afghanistan for the past 9 months, but he made it
because of his elusive tax retu. returns.the word's out that he hasn't paid any taxes in 10 years. how romney's tax issue is turning into a political firest. firestorm. when it comes to getting my family to eat breakfast, i need all the help i can get. i tell them, "come straight to the table." i say, "it's breakfast time, not playtime." "there's fruit, milk and i'm putting a little nutella on your whole-wheat toast." funny, that last part gets through. [ male...
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Dec 30, 2012
12/12
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the payroll tax holiday. maybe you don't give the whole amount, just part of it. it adds up to $200 billion so the economy continues to grow. then the debt reduction is raised by february. >> mr. davis. he started his comment about solving this saying you have to take the politics out of it. it's not possible at this point. even though the deal, everything you heard from him, you may have agreed with and go along with it. how are you going to take the politics out of it with the clock ticking? >> if you don't get an agreement, it's going to hurt both parties. somebody may have the advantage today and tomorrow in the news headlines, if this doesn't happen, it hurts the president's legacy, it hardens the lines between them. this is not, as joe said, complicated to solve over the short term. long term, a little more complicated. if they can't get through this, it makes it much more difficult over the long term. >> to both of you here, you heard something the president said. david gregory pushed back on the presi
the payroll tax holiday. maybe you don't give the whole amount, just part of it. it adds up to $200 billion so the economy continues to grow. then the debt reduction is raised by february. >> mr. davis. he started his comment about solving this saying you have to take the politics out of it. it's not possible at this point. even though the deal, everything you heard from him, you may have agreed with and go along with it. how are you going to take the politics out of it with the clock...
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Feb 15, 2012
02/12
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a moment ago you said there are no tax increase. but that's not a tax? >> no. >> that's not a tax. okay. i just want to be clear on that because that's not the argument the administration is making. let's move on -- before the supreme court. i appreciate again that the fact that you are from the private sector. two decades in the private sector leading public companies. in that area of responsibility did you always have a budget like you're -- you always have to present a budget for those company, right? >> absolutely. >> that's why i commend the administration for coming forward with this budget. do you anticipate that this budget will be taken up in the senate? >> i look forward to the policies in this budget being put into law. i'm not an expert in the process of congress or process of -- but i will tell you that i look forward to policies that are embedded in this budget become law. >> when you were with public companies would it be responsible to have a budget, in public companies. >> absolutely. >> when you were leading public companies would it be fair to say it would be irr
a moment ago you said there are no tax increase. but that's not a tax? >> no. >> that's not a tax. okay. i just want to be clear on that because that's not the argument the administration is making. let's move on -- before the supreme court. i appreciate again that the fact that you are from the private sector. two decades in the private sector leading public companies. in that area of responsibility did you always have a budget like you're -- you always have to present a budget for...
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Mar 13, 2012
03/12
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taxes. >> please, let there be order. thank you. the senator from south carolina may begin at this time. >> we all complained about the corporations that don't pay any taxes only to find that many times that's because we offer some tax subsidy that allows them to get out of taxes. we complained for subsidies for big oil and natural gas, we have given subsidies for companies that got out of business. temporary tax policy for whatever we're trying to do does not work. this amendment eliminates the tax subsidies the loopholes that we talked about not only for big oil but for all of the energy tax credits. folks if we let the market work, we'll have wind and solar but we'll have it in a way that doesn't waste the money of hard-working taxpayers. i encourage you're sport. let's get rid of subsidies. lower the corporate tax rate and let our country work. >> senator from -- senator from montana. >> mr. president, this amendment does two things -- first, it increases taxes. on businessmen and women
taxes. >> please, let there be order. thank you. the senator from south carolina may begin at this time. >> we all complained about the corporations that don't pay any taxes only to find that many times that's because we offer some tax subsidy that allows them to get out of taxes. we complained for subsidies for big oil and natural gas, we have given subsidies for companies that got out of business. temporary tax policy for whatever we're trying to do does not work. this amendment...
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Jun 17, 2012
06/12
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recently, we passed a repeal of the medical device tax which is a remarkably onerous tax that actually decreases the ability of companies out there to innovate and create the kind of high quality health care in preventing the kind of high- quality health care that we have. we call on the senate to take that bill up. there are wonderful things that we have done and can be done, but until the court rules, nobody knows what is necessary to be done. with a senate that has been recalcitrant and not willing to assist in positive ways, and i'm not sure that passing a piece of legislation at this point is what needs to be done. >> another reference that gets to the bigger issue of the inability of democrats and republicans in the house and senate to really come together on some of these big issues. why is it so difficult for republicans and democrats to work on budget issues, fiscal issues in this congress? >> a great question and i wish that you would ask it to senator reid. >> look at it from your standpoint and from the standpoint of the american people who say washington is dysfunctional.
recently, we passed a repeal of the medical device tax which is a remarkably onerous tax that actually decreases the ability of companies out there to innovate and create the kind of high quality health care in preventing the kind of high- quality health care that we have. we call on the senate to take that bill up. there are wonderful things that we have done and can be done, but until the court rules, nobody knows what is necessary to be done. with a senate that has been recalcitrant and not...
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Feb 15, 2012
02/12
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, including a clean energy tax credit and tax breaks for companies buying new equipment. betty? >> susan mcdpin is in washington for us. thank you, susan. the economy will be a key issue in the election and as it improves, so does the president's standing in the eyes of voters. a new poll shows the overall approval rating reached 50%. that's the highest since may of 2010. there are signs of economic optimism. 75% say the economy is in bad shape, 34% say it's getting better. in november that number was just 18%. >>> the poll also shows president obama leading all of the republican candidates in november election matchups. in the race for the gop nomination, rick santorum is now in the lead. the former pennsylvania senator pulled ahead of mitt romney thanks in large part to voters who want a candidate who represents their values. santorum us popularity grew last week when he went on the offensive against president obama. santorum attacked a white house mandate that faith baids institutions provide employees free access to birth control. in an interview with an evangelical b
, including a clean energy tax credit and tax breaks for companies buying new equipment. betty? >> susan mcdpin is in washington for us. thank you, susan. the economy will be a key issue in the election and as it improves, so does the president's standing in the eyes of voters. a new poll shows the overall approval rating reached 50%. that's the highest since may of 2010. there are signs of economic optimism. 75% say the economy is in bad shape, 34% say it's getting better. in november...
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Mar 25, 2012
03/12
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why can't they pay their taxes? here they are wanting to tax more people. makes no sense. >> the violence against women, i have talked about your experiences in your house hold when you were young with various step fathers and abuse to your mother and to you. tell me why it means so much to you and what you have been doing about it. >> it is personal to me. i think before i answer that question, i think it is important if there are any women listen right now, because i'm sure you are because you are a very -- man. >> thank you. >> all kidding aside, if there are people listening in that situation in an abusive situation like my mom and i was, they should not they are not alone. i'm here. i'm working. there are other members democrat and republican in the united states congress that are listening. there are many groups that have available that weren't available for my mom. it is something i signed on to and i take it personally and excited to get it pushed through it shouldn't be a democrat, republican thing but a people thing and protect people who have are
why can't they pay their taxes? here they are wanting to tax more people. makes no sense. >> the violence against women, i have talked about your experiences in your house hold when you were young with various step fathers and abuse to your mother and to you. tell me why it means so much to you and what you have been doing about it. >> it is personal to me. i think before i answer that question, i think it is important if there are any women listen right now, because i'm sure you...
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Apr 18, 2012
04/12
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finally, it includes fundamental tax reform, tax reform that will make the tax code simpler, fairer and more efficient while raising revenue. here is the deficit trajectory under the plan. as i noted, it brings the deficit down to 1.4% of gdp by the end of the decade, well below the 3% level, which is this line which most economists say ask critically important to do. over the ten years of the plan, spending averages 21.8% of gdp which is below the level we experienced during the reagan administration. let me say that again. over the ten years of the plan, spending averages 21.8% of gdp which is below the level we experienced during the reagan administration. it brings discretionary spending, those funds appropriated by congress each year, down from 8.4% of gdp in 2012 to an historic low of 4.8% by 2022. like the original fiscal commission plan, it does not reopen the health care reform debate. instead, it builds on health reform by providing additional health savings. it provides an option to phase out the tax exclusion for health care, a step the congressional budget office said would
finally, it includes fundamental tax reform, tax reform that will make the tax code simpler, fairer and more efficient while raising revenue. here is the deficit trajectory under the plan. as i noted, it brings the deficit down to 1.4% of gdp by the end of the decade, well below the 3% level, which is this line which most economists say ask critically important to do. over the ten years of the plan, spending averages 21.8% of gdp which is below the level we experienced during the reagan...
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Nov 14, 2012
11/12
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CSPAN2
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we could have tax reform and we could have energy legislation. joe lieberman is still trying to get cybersecurity bill passed, which is very dangerous. but the president, he is our leader and he needs to engage more. we have someone in the room that we can talk to. i am an incurable optimist. i think that he may do it. i think it has to start in this lame duck session we cannot adopt the perfect agreement, but we can get started and have a down payment. it leads to cover the first year of what otherwise would be the sequester, which is $110 billion. i think we have to prove that we can do some tax reform and pull it together and then adopt what tries again to push the committee and according to the regular audience to come out with enough saving and spending and enough new revenue as part of tax reform and most critically, long-term entitlement reform. >> one quick point. sunday, i actually watch "meet the press." what about those -- the 80 ceos, the big companies raise a bunch of money, they run ads -- is that a positive for the process? >> i th
we could have tax reform and we could have energy legislation. joe lieberman is still trying to get cybersecurity bill passed, which is very dangerous. but the president, he is our leader and he needs to engage more. we have someone in the room that we can talk to. i am an incurable optimist. i think that he may do it. i think it has to start in this lame duck session we cannot adopt the perfect agreement, but we can get started and have a down payment. it leads to cover the first year of what...
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Sep 22, 2012
09/12
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CNN
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2011 tax return. it shows that he made $13.7 million last year and paid nearly two million in federal income taxes, because romney's income came largely from investments, he's taxed at a lower rate, 14.1%. the documents also show the romneys dominated more than $4 million to charity. but they only claimed about half of that as deductions to conform with romney's earlier statement that he's never paid less than 13% in income taxes over the last decade. the obama camp is calling on romney to release even more returns. paul steinhowser joining us now. why isn't the obama campaign satisfied? they wanted more taxes released and they got one. >> they knew that one was coming. the obama campaign and the democrats point to other nominees in recent cycles. they point out to mitt romney's father, put out multiple years. the romney campaign did put out a summary statement of myth and ann romney's taxes from 1990 to 2009, a 20-year period. that indicates they paid taxes in all of those years and the average rate
2011 tax return. it shows that he made $13.7 million last year and paid nearly two million in federal income taxes, because romney's income came largely from investments, he's taxed at a lower rate, 14.1%. the documents also show the romneys dominated more than $4 million to charity. but they only claimed about half of that as deductions to conform with romney's earlier statement that he's never paid less than 13% in income taxes over the last decade. the obama camp is calling on romney to...
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Dec 23, 2012
12/12
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hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared by the intelligence community. how could this possibly go wrong? believe it or not, things took a turn for the palin later on in her speech. quote, day after day, i engage in highly substantive, highly technical negotiations with my colleagues here at the u.n. like the russians. as a matter of fact, i can see the russian mission from my house. >>> finally, did you think the holidays would come and go without seeing president obama singing "deck the halls." not so. he is back in the game. ♪ deck the halls with bows of holly ♪ ♪ fa-
hasn't paid any taxes for ten years. let me him that he has paid taxes, because he hasn't. >> now reid said he got his information from a former bane investor. without any further explanation, he was awarded the maximum number of pinocchios. also u.n. ambassador susan rice has come to terms with the circumstances that led her to take her own name of of the running for secretary of state. her opening line, quite, my talking points for this evening have been provided to me and fully cleared...
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May 28, 2012
05/12
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CNNW
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the sales tax is a whopping 20%. and income taxes are as high as 50%. all of that money feeds a health care behemoth. the nhs is europe's largest employer with well over 1 million people on the payroll. so you'd think it would be inefficient. >> that seems sensible, right? the private sector can do things more efficiently? it doesn't work in health care. >> t.r. reid, a former overseas bureau chief with "the washington post," toured the world's health care systems for his recent book, "the healing of america." >> the least efficient payers in the world are the american private insurance companies. they have administrative costs at 20% to 30%. that's a 30% tax on every dollar you spend on health care. britain is totally socialized medicine, administrative costs, 5%. canada is private doctors and public payers, 6% administrative costs. so it turns out, in health care, governments are doing this more efficiently than our private sector. >> one reason, says reid, private insurers in america spend more money on non-medical costs, like ads and reviewing claim
the sales tax is a whopping 20%. and income taxes are as high as 50%. all of that money feeds a health care behemoth. the nhs is europe's largest employer with well over 1 million people on the payroll. so you'd think it would be inefficient. >> that seems sensible, right? the private sector can do things more efficiently? it doesn't work in health care. >> t.r. reid, a former overseas bureau chief with "the washington post," toured the world's health care systems for his...
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you probably paid more in taxes than you will get in social security benefits. according to an analysis by the associated press, people retiring today are part of the first generation of workers who paid more than they will receive after they retire. previous generations go the a better bargain because payroll taxes were low when social security was enacted in the 1930s and remained so for decades. >>> just ahead, a different type of power struggle jie. a homeowner's solar panel produces a lot more power than he uses. why does he have to give away the excess for free? i'm michael finney. 7 on your side is coming up. >> and hi, everyone. i'm leigh glaser. if you are doing traveling back east tomorrow we will look at some travel destinations for you. and a look at our accu-weather seven-day forecast of the. >> and don't forget to stay abc7 news for a special midnight edition [ mom ] dear chex cereal, i've never written a fan letter before, but you've done the impossible. you made gluten free cereals in a whole bunch of yummy flavors. cinnamon chex and honey nut ch
you probably paid more in taxes than you will get in social security benefits. according to an analysis by the associated press, people retiring today are part of the first generation of workers who paid more than they will receive after they retire. previous generations go the a better bargain because payroll taxes were low when social security was enacted in the 1930s and remained so for decades. >>> just ahead, a different type of power struggle jie. a homeowner's solar panel...
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Apr 18, 2012
04/12
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CSPAN3
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but your budget calls for $2.6 trillion in new taxes. so that is a tax, a tax budget. president obama at one point stated that he thought that we should haves 3ds in spending cuts for every $1 in tax increase. we're so far from that, i'm amazed. now, looking at the house version of simpson-bowles, they did a, they had a trillion less in tax increases and they did cut spending by about $600 billion. but that was they're version of it and it went down dramatically with only 38 votes. so i just want to say to you, our people are ready to participate. we're disappointed that the majority party decided not to go forward with a plan for the future, to confront the debt challenges that we have. i won't use up any more time. i will give, offer for the record, my statement. we've got a large number of people here i know would like to speak. again, let me say how much i've enjoyed working with you, and you did note that simpson-bowles laid out some valuable plans that should have been a part of any future budget plan for america, and it was designed to move right after 2010. so
but your budget calls for $2.6 trillion in new taxes. so that is a tax, a tax budget. president obama at one point stated that he thought that we should haves 3ds in spending cuts for every $1 in tax increase. we're so far from that, i'm amazed. now, looking at the house version of simpson-bowles, they did a, they had a trillion less in tax increases and they did cut spending by about $600 billion. but that was they're version of it and it went down dramatically with only 38 votes. so i just...
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you probably paid more in taxes than you will get in social security benefits. according to an analysis by the associated press, people retiring today are part of the first generationf workers who paid more than they will receive after they retire. previous generations go the a better bargain because payroll taxes were low when social security was enacted in the 1930s and remained so for decades. >>> just ahead, a different type of power struggle jie. a homeowner's solar panel produces a lot more power than he uses. why does he have to give away the excess for free? i'm michael finney. 7 on your side is coming up. >> and hi, everyone. i'm leigh glaser. if you are doing traveling back east tomorrow we will look at some travel destinations for you. and a look at our accu-weather seven-day forecast of the. >> and don't forget to stay Ñ/&Ñfñ!ñx for a special >>> well, more than 60,000 customers now 1r* rooftop solar panels that supply electricity to their homes and businesses as well as pg&e and the power grid. one homeowner says he is giving away too much power
you probably paid more in taxes than you will get in social security benefits. according to an analysis by the associated press, people retiring today are part of the first generationf workers who paid more than they will receive after they retire. previous generations go the a better bargain because payroll taxes were low when social security was enacted in the 1930s and remained so for decades. >>> just ahead, a different type of power struggle jie. a homeowner's solar panel produces...
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Dec 30, 2012
12/12
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FOXNEWSW
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details on a brand-new sales tax. and senator libbedy graham has been an outspoken critic of president barack obama for years. but what is he saying today? >> if the president doesn't deal with this, he is a lousy commander in chief. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> you are not only going to cut your way to prosperity. >> we have not seen the leade
details on a brand-new sales tax. and senator libbedy graham has been an outspoken critic of president barack obama for years. but what is he saying today? >> if the president doesn't deal with this, he is a lousy commander in chief. [ male announcer ] how do you measure happiness? by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. time for...
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Nov 27, 2012
11/12
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CNBC
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they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that and the only way to balance this, i think is wrong when there is no significant revenue. not just gestures and token appeals about tax deductions and other areas but a significant restructuring of that code to bring us back in line the way that we were under clinton. >> representative, as we're talking, the market is selling off once again. every time members of congress come on -- and i've got to tell you, sir, i think you're contributing to the fears that we're going off the fiscal cliff, because it doesn't sound like there's any compromise in what you're saying. d
they don't want to raise taxes on the wealthiest in this country. this they want to maintain the tax breaks from the bush era for everybody or nobody. here we are. you've identified where your sacred areas are. they've got theirs. that's what i'm asking. where's the middle ground in all of this? >> well, the middle ground is a fair share. by putting the benefit programs on the table, social security, medicare, medicaid, as being the source for the deficit and the only way to reduce that...
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Feb 3, 2012
02/12
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CSPAN3
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some states have income taxes, other states don't have income taxes. they got sales taxes. it just seems to me that for the same of fairness we should enact the provision where the state said the opposite, you could deduct a sales tax or income tax depending upon your state. that's fair. that's extremely important to those states where there's no income tax, just sales tax. so people can have that option available. education expenses. my gosh, the number of americans who are suffering trying to meet education costs these days, there are provisions in the code as we all know that very much help americans send their kids to college or the kids themselves go to college. in 2009 there are 2.4 million families received tax relief from one of these extenders, claiming a deduction for higher education. i mentioned the state and local deduction. i just urge, mr. chairman, that we've got to find a way to continue these standards now. we're coming out of recession and if we suddenly cut them off, we're going to leave a lot of people high and dry but more importantly, they're good pol
some states have income taxes, other states don't have income taxes. they got sales taxes. it just seems to me that for the same of fairness we should enact the provision where the state said the opposite, you could deduct a sales tax or income tax depending upon your state. that's fair. that's extremely important to those states where there's no income tax, just sales tax. so people can have that option available. education expenses. my gosh, the number of americans who are suffering trying to...
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Dec 21, 2012
12/12
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FOXNEWSW
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obama lets the bush tax cuts expire. back to a higher tax rate. then he is going to come back and say you know what? let's go back and make the tax cuts, obama tax cuts for the 98% he wanted to before. if you are republican hard to vote against the tax cut. >> kimberly: deliver. >> eric: the pro-- >> bob: the proposal boehner had is make sure they didn't have the, increase. >> eric: 99. >> bob: whatever. >> greg: got plans for weekend? i'm thinking about renting movies. i'm not sure that tom cruise can play jack reacher. i love the books. it's like watching junkies vote if they cut off their own heroin. you get luck expecting bees to been a honey went're on plan "b" and there are 24 other letters in the alphabet. this could go on for quite a while. watching the process is hanging around as a mechanic as he works on your car. best to leave it alone. go home. wait for the phone call. then you come back and you pick up the car. if the car is not working screw it. you move to high. >> kimberly: filibuster. >> greg: filigreger. president obama said it'
obama lets the bush tax cuts expire. back to a higher tax rate. then he is going to come back and say you know what? let's go back and make the tax cuts, obama tax cuts for the 98% he wanted to before. if you are republican hard to vote against the tax cut. >> kimberly: deliver. >> eric: the pro-- >> bob: the proposal boehner had is make sure they didn't have the, increase. >> eric: 99. >> bob: whatever. >> greg: got plans for weekend? i'm thinking about...
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which tax credit? >> we'll go through that process with congress. >> jon: okay, well that -- that's not until after you would be elected s. do you have a time frame for your economic solutions to take effect? >> i'm not going to give you an exact time frame. >> jon: oh, um, how about a range? do i have time to run to the bathroom or will animals that are fish now have legs then? [ laughter ] because your platform seems to be listen, i have a plan and i can fix this thing. don't worry your pretty little heads heads about it. mitt romney, a talented detail oriented c.e.o. has intr sparing with the details of agenda. we know more about barack. 's secret agenda and i know why. >> the president lead ising and continues to lead. 47% for the president and mitt romney 43%. >> one recent poll showed that any republican candidate would beat president obama by 8 points. >> jon: do you see what he is doing? mitt romney losing to barack obama but generic republican crushes barack obama. clearly his best office is t
which tax credit? >> we'll go through that process with congress. >> jon: okay, well that -- that's not until after you would be elected s. do you have a time frame for your economic solutions to take effect? >> i'm not going to give you an exact time frame. >> jon: oh, um, how about a range? do i have time to run to the bathroom or will animals that are fish now have legs then? [ laughter ] because your platform seems to be listen, i have a plan and i can fix this...
SFGTV2: San Francisco Government Television
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Apr 9, 2012
04/12
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SFGTV2
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so far, the tax code is really segmented largely for personal and business taxes. the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what we do and how consumers and small businesses can get involved. we have a lot of small businesses utilizing the network as a delivery force or on demand labor force, particularly with seasonal businesses. they do not want to have to hire a bunch of full-time employees for a month or two of work. they're able to utilize the task private network to scale up and down. another case we see is for deliveries. suzy cakes uses task rabbit to get her goodies out. these tasks rabbits are using their own vehicles
so far, the tax code is really segmented largely for personal and business taxes. the sharing economy presents a nuanced situation. individuals are not businesses but are enjoying a new stream of income. we are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task...
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Dec 21, 2012
12/12
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CSPAN
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they write all the tax codes into law so they did not have to pay taxes. yet they take the money out of our pockets and keep giving increases to themselves. why cannot take a pay cut like i have to do? host: paul broun is a member of congress. we will have a conversation with them coming up later as we dig into some of the details about what happened last night and where things go from here. congress shut down until after christmas. the house and senate convening a run the 27th at 28th of december next week. here is a headline. a lot for congress to deal with when they come back next week. earl from iowa. caller: how are you doing this morning. the whole thing of it is, with 2005 when the bush sat there and said the poor is going to give poor and the rich will get richer. they have a noose around obama's neck and he cannot do anything. when mitt romney said on the republican side they have to stop them, that is what they're doing right now. we have to look at it like this. we are over the fiscal cliff anyway. we are falling short. we do not have jobs out h
they write all the tax codes into law so they did not have to pay taxes. yet they take the money out of our pockets and keep giving increases to themselves. why cannot take a pay cut like i have to do? host: paul broun is a member of congress. we will have a conversation with them coming up later as we dig into some of the details about what happened last night and where things go from here. congress shut down until after christmas. the house and senate convening a run the 27th at 28th of...
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Dec 11, 2012
12/12
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CSPAN2
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so the point being that we can talk about taxes and taxes and taxes, but it's not going to solve the fiscal problems facing our nation. we don't have a taxing problem. we have a spending problem. and so we should have been spending the last three weeks talking about how we're going to take care of the other 93% of the problem. the president should have declared victory three weeks ago, and we wouldn't have had all this lost time between now and right after the election. but i said i wanted to set the record straight. the tax relief reduced the -- the tax relief of 2001 and 2003 reduced the tax burden for virtually every tax-paying american. it did this through across-the-board tax rate reductions, marriage penalty relief, enhancing certain tax provisions for hardworking families such as doubling the child tax credit. since the passage of this tax relief, there's been a concerted effort by my colleagues on the other side of the aisle to distort the truth about the present tax policy of the federal government. that tax policy's been in place for the last 12 years now. they have attempt
so the point being that we can talk about taxes and taxes and taxes, but it's not going to solve the fiscal problems facing our nation. we don't have a taxing problem. we have a spending problem. and so we should have been spending the last three weeks talking about how we're going to take care of the other 93% of the problem. the president should have declared victory three weeks ago, and we wouldn't have had all this lost time between now and right after the election. but i said i wanted to...
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Feb 3, 2012
02/12
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CSPAN3
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i would add to the list work opportunity tax credits. i worked with senator levin when i was in the house and it's important for people having a very difficult time finding jobs. but i want to take this time to talk about the energy extenders, the green energy extenders because here is an issue that i would hope we would be able to include in our package. and i mention that because we are still trying to catch up to have a level playing field on all sources of energy. we're not. the gas and oil industry has incredible incentives that are permanent and we're trying to make the secure and the opportunity to invest in renewable energies is very much compromised by the expiration of the tax incentives that help reduce. this is an issue that i've heard from more members of the senate, both democrats and republican. but a couple of my republican colleagues telling me please bring this up, that it's affecting their manufacturing, that they're starting to pull back. i give you an example in the production tax credit dealing with trash facilities
i would add to the list work opportunity tax credits. i worked with senator levin when i was in the house and it's important for people having a very difficult time finding jobs. but i want to take this time to talk about the energy extenders, the green energy extenders because here is an issue that i would hope we would be able to include in our package. and i mention that because we are still trying to catch up to have a level playing field on all sources of energy. we're not. the gas and oil...
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Oct 14, 2012
10/12
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CSPAN
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to get growth you should not raise taxes. it should lower the tax burden. we need to lower the overall burden if you can. then you need to do the things we talked about here. common sense energy policy. these are the areas that will create a framework that is conducive to growth. if the democrats will not go along, we should not raise taxes. we should lower them. >> what are your personal do you see yourself climbing to the highest rungs of the house? >> we will worry about those other issues and concerns after the election. i have been saying this. i believe it. we are at one of those historical moment for our country. we will decide to different directions we can go. it is one of those moments of magnitude. we always know the moment to never forget on a personal or family level. big goals you have any accomplish them. sometimes those moments of significant take a broader context. they apply to an entire country. we're at one of those moments. my focus is making sure we do everything we can to help mitt romney win. after that happens we will look at other
to get growth you should not raise taxes. it should lower the tax burden. we need to lower the overall burden if you can. then you need to do the things we talked about here. common sense energy policy. these are the areas that will create a framework that is conducive to growth. if the democrats will not go along, we should not raise taxes. we should lower them. >> what are your personal do you see yourself climbing to the highest rungs of the house? >> we will worry about those...
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Jun 19, 2012
06/12
by
CSPAN3
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eye 87
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by time they get done paying school taxes, their municipal taxes and state taxes and federal taxes, there's just no money left for them to a take care of their kids and to plan their future. i think that's where the disconnect comes. we start to believe this is free money. it's not free money. this is taxpayer money. how much money did co-gentrix with? >> i'm sorry. i'm not with co-gentrix. >> the federal loan amount was $90 million. >> you know how many permanent jobs that created? >> we created directly approximately ten permanent jobs. >> ten permanent jobs. not you but you sitting at your kitchen table. i would tell you, we just made a $90.6 million investment. this is all about jobs. this whole initiative was about creating jobs and here is the good news. ten people got jobs. you see any reason why the american people no longer have faith in what's going on in washington, d.c.? the disconnect is so great here. it's so foreign to people who live in this area that money comes out of working people's pockets. it's free. it's not free. this drives me absolutely nuts. can you imagine going
by time they get done paying school taxes, their municipal taxes and state taxes and federal taxes, there's just no money left for them to a take care of their kids and to plan their future. i think that's where the disconnect comes. we start to believe this is free money. it's not free money. this is taxpayer money. how much money did co-gentrix with? >> i'm sorry. i'm not with co-gentrix. >> the federal loan amount was $90 million. >> you know how many permanent jobs that...
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Aug 26, 2012
08/12
by
FBC
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eye 112
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my are these tax cheats allow to continue employment? charlie from pennsylvania says i love that you take on republican hustlers as well as democrats. keep on the bipartisan persona red congress is intent and content incompetence and waste of our time. i thank you for that. send an e-mail to gerri@foxbussiness.com. we all know washington is a small town, but sometimes it seems tiny. according to the ap, wall street executive who performed an independent review exonerated the obama administration and their energy loan program, it is now a major obama campaign contributors. the former ceo of fannie mae testified before congress that the deal he was not at high risk in more than $23 million awarded the green companies. he testified that he was an independent watchdog. two weeks later, allison began giving money to the oba
my are these tax cheats allow to continue employment? charlie from pennsylvania says i love that you take on republican hustlers as well as democrats. keep on the bipartisan persona red congress is intent and content incompetence and waste of our time. i thank you for that. send an e-mail to gerri@foxbussiness.com. we all know washington is a small town, but sometimes it seems tiny. according to the ap, wall street executive who performed an independent review exonerated the obama...
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Dec 22, 2012
12/12
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MSNBCW
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let's listen to him first. >> i disagree with john boehner caving on taxes. and we'll give you $1 trillion in tax revenue and we'll raise it for a year and take a lever on the hand of the republicans and he did that without the support of the conference, as we found out. >> i'm interested in terms of what you're hearing the number of votes he came up short. he came up short 21 in a bill related to softening the sequester that was done right before the plan b vote when the plan b vote was supposed to happen here. >> the numbers i've heard has been about 24. >> 24. >> already he could lose about 20 people going into that vote given the republican, the majority and the size of that, but you end up mentioning congressman huelskamp. he tried to punish members like tim huelskamp and one skill that a sometimes a speaker has and we saw this with nancy pelosi and we saw this in 2009 and 2010 is actually fear. they don't fear congressman boehner. they don't fear him at all if they go break their own way and that is one of the reasons why you end up having people who se
let's listen to him first. >> i disagree with john boehner caving on taxes. and we'll give you $1 trillion in tax revenue and we'll raise it for a year and take a lever on the hand of the republicans and he did that without the support of the conference, as we found out. >> i'm interested in terms of what you're hearing the number of votes he came up short. he came up short 21 in a bill related to softening the sequester that was done right before the plan b vote when the plan b...